Hungary's Industrial Output Slump Eases Less Than Forecast

3/7/2013 3:17 AM ET

The decline in Hungary's industrial production eased in January, but to a lesser extend than economists had forecast, latest data showed Thursday.

Industrial production decreased a working-day adjusted 1.4 percent year-on-year in January, slower than the 3.4 percent decrease seen in December, preliminary data from the Central Statistical Office showed. Economists had forecast a more modest decrease of 0.8 percent.